IFAs among 24 firms FSCS declares in default
Three advisory firms, along with 21 other financial businesses, were declared in default by the Financial Services Compensation Scheme (FSCS) in February.
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Alfi chief bemoans regulation overload
The raft of sweeping EU regulations being introduced this year is creating an almighty headache for the asset management industry, says Denise Voss, chairman of the Association of the Luxembourg Fund Industry (Alfi), the investment trade body.
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Lang Cat: 90% of platform assets at risk of disruption
Approximately 90% of the £519bn assets held on adviser platforms are subject to disruption from a major business change, according to the Lang Cat.
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Outgoing FCA chairman warns on cryptocurrency and Brexit
John Griffiths-Jones has used his last speech as chairman of the Financial Conduct Authority to warn over the dangers of cryptocurrencies, outline the regulator’s role in Brexit and criticise the financial legal system.
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Esma expects more asset manager moves before Brexit
UK-based asset managers may have to shift operations to the EU 27 if a transition deal is not agreed, and Esma is pushing hard to ensure regulatory convergence across the bloc regarding moves.
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Unilever rejects London for Netherlands HQ
Unilever has chosen to relocate its headquarters from London to Rotterdam but insisted Brexit played no part in its decision.
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OMGI profits soar 153% ahead of spin out
Old Mutual Global Investors’ adjusted operating profit soared 153% in 2017, according to Old Mutual Wealth’s annual results.
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Brexit and Remain voters show investment biases
Brexit voting regions are more likely to favour UK equities over eurozone equities, while the opposite is true for Remain voting regions, according to the latest investor sentiment survey from Lloyds Private Bank.
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Quilter Cheviot: This is not a long bull market
Quilter Cheviot’s chief investment strategist Alan McIntosh argues the length of the current bull market will not determine when it ends and he sees no sign of it slowing anytime soon.
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Will investors stick with ‘cash cow’ M&G?
Prudential’s decision to spin-off and float its UK asset management and savings arm was met with widespread approval from investors but how many of them will continue to invest in the life insurer’s “neglected” business when it lists?
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Lyxor eyes Commerzbank ETF business
Lyxor Asset Management parent Societe Generale is reportedly seeking to bulk up its ETF offering as it enters talks to buy Commerzbank’s equities, markets and commodities division.
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Charles Stanley bulks out intermediary and charity teams
Charles Stanley has made a double hire to boost its business in the intermediary and charities and trusts markets.
